The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) will work together to review the Romanian market's corporate governance code, aligning it with recent regulatory changes and updated global standards.According to a joint press release issued on Thursday, this joint initiative is designed to help listed companies improve their governance and reporting quality, by aligning with EU regulatory changes affecting governance structures, the latest G20/OECD Corporate Governance Principles and best practice in the field."The updated code is expected to provide guidance on emerging issues in governance and reflect the evolving priorities of stakeholders and enhancing their corporate resilience in a rapidly changing world," reads the statement.The revised version of the Code is meant to be released by the end of 2024, so the first year of reporting compliance with the new Code is 2026 for the financial year 2025. The process of reviewing the Code will take into account the input and insights of all market participants.
As Halloween approaches, Voxa, the market leader in audiobooks and ebooks, announced the launch of Audioboo!, the first digital festival in Romania of short audio stories dedicated exclusively to thriller and horror genres. Until October 18, local writers are invited to create captivating stories specially designed to keep listeners intrigued. Voxa says the contest "is […]
A new group of 69 vulnerable individuals, consisting of Romanian citizens and family members, mostly women, children, medical cases, and people in high-risk areas, was assisted on Monday, October 7, for repatriation from Lebanon. The group is the second after 69 Romanians were brought to the country earlier this month. They were assisted by two […]
Bucharest and Cluj-Napoca are at an early stage in developing smart urban mobility solutions, according to the PwC "Smart Cities Mobility" Index for Central and Eastern Europe. As a result, the two cities are at the lower end in a ranking based on an index measuring urban mobility. The index evaluates factors such as traffic […]
The European Court of Human Rights (ECHR) found no issue with the trial process in Romania that saw former MEP Adrian Severin condemned to 4 years in jail for influence-peddling. In 2011 the British weekly newspaper The Sunday Times published an article suggesting acts of corruption at the European Parliament, targeting several MEPs, Severin included. […]
JTI, one of the world’s largest manufacturers of tobacco and vaping products, established a technological hub in Romania, with about 140 employees currently and considering further expansion. The new center provides business technology solutions, data and analytics, software engineering, cyber security, and infrastructure & operations. The experts in Bucharest provide information technology support for all […]
Elena Lasconi, the president of the opposition party USR, said that she is working with her colleagues on drafting a no-confidence motion against the government headed by Social Democrat leader Marcel Ciolacu. She also urged the Liberals and their president, Nicolae Ciucă, to back USR's action. "I met thousands of soldiers, I have also been […]
